There has been little movement towards the top of the income tables, with Chinese and US banks maintaining their respective dominances. However, changes to individual banks’ sources of income paint a more interesting picture.
HSBC Holdings made the most impressive gains in trading income, recording a 29.04% increase on its 2015 results and climbing from sixth to third spot. Morgan Stanley also recorded an impressive 21.26% increase. On the flipside, French banks have taken a hit: compared to the 2015 rankings, trading income at BNP Paribas is down 33.72%, at Société Générale it suffered a 22.08% reversal and Crédit Agricole plummeted by 30.87%.
Notable departures from this year’s trading income table include Japan's Nomura, the UK's Lloyds Banking Group and Brazil’s Itaú Unibanco, while Sumitomo Mitsui Financial Group of Japan has re-entered in 15th spot after thee years outside of the top 20. Russia's Sberbank has made the highest debut in the trading income rankings, placing 13th.
When it comes to fee and commission income, the strongest eight banks remain unchanged from the 2015 results. While there was more jostling in the bottom half of the table, overall the changes are minimal; the biggest loser was Royal Bank of Canada, which has slid from 10th to 13th. After year-on-year declines in their fee and commission income, some of the biggest players – including JPMorgan, Bank of America and UBS – recorded marginal increases on their 2015 figures.
In terms of net interest income (NII), the top 12 banks have retained their 2015 positions. However all but two – Wells Fargo and Postal Savings Bank of China – recorded moderately lower figures. China has continued its annual tradition of adding a new entrant to the top 20, with Industrial Bank making its first appearance in the NII rankings.
